> Firstly, founder does not hire the board.

Where the founder also controls the voting majority of stock, yes, the founder hires the board.

That case is outside the context of the discussion.

If founder has majority of stocks, he can't be fired.

You didn't even read the article and don't understand fundraising dynamics for a start up. Go directly to jail, do not collect $200 and don't come out until you've done your homework.